Waiting for a downward breakthrough
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Combined with the first picture, you can intervene in short trading when the price reaches the corresponding high range
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The 0.618 sector of the Fibonacci fan in the downward trend and the black line below have formed a new downward channel, and the current price is at the top of the downward channel
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Using the combination of Fibonacci dividing line and harmonic pattern, it can be predicted that the approximate position of point D will be around 1.618 or 2.618
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There is a Chinese proverb, and its translated meaning is probably "Never forget why you started, and your mission can be accomplished."
It means that as long as you stick to it, you will definitely get what you want.
Sometimes market fluctuations will not be smooth sailing, it may be very tortuous, what we can do is to set a stop loss after entering the market, the rest is to wait patiently, time will verify right or wrong
It means that as long as you stick to it, you will definitely get what you want.
Sometimes market fluctuations will not be smooth sailing, it may be very tortuous, what we can do is to set a stop loss after entering the market, the rest is to wait patiently, time will verify right or wrong